• Title/Summary/Keyword: 개성공단

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A Study on Determinants of Korean SMEs' Foreign Direct Investment in Gaeseong Industrial Complex & Vietnam (중소기업의 개성공단 및 베트남 직접투자 결정요인 연구)

  • Cho, Heonsoo
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.16 no.4
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    • pp.167-178
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    • 2021

  • The purpose of this study is to analyze the direct investment decision factors in the Kaesong Industrial Complex and Vietnam, and to contribute to the creation of domestic jobs and the revitalization of the inter-Korean economy. According to the analysis, most of the Kaesong Industrial Complex and Vietnamese investment companies are entering the complex for the purpose of utilizing cheap labor, cheap factory locations, sales/development of local markets, and bypass export production bases in third countries. This can be divided into production-efficient investors using differences in production price such as labor costs and market-oriented investors to sell and expand the local market, which seems to be consistent with global direct investment patterns such as Nike, Apple, and Amazon. However, even if the North Korea-U.S. denuclearization talks ease or lift sanctions, Vietnamese investors' willingness to invest in the North Korea has been most burdened by the possibility of closing special economic zones due to political risks. Last but not least, it is important to note that those willing to invest in North Korea are mostly smaller enterprises in textiles, sewing, footwear and leather industries-those that benefit from low-cost labor. Since their size is small, they need policy support in financing, especially in the early stages of their business. Even after they grow past the early stages, those without collateral would still need state guarantee letters to get financing. Thus, it is worth considering to use the Inter-Korean Cooperation Fund to compensate commercial banks for bad loan loss or for low-interest loans for smaller SMEs. The interviews with SMEs found that red-tape is one of the biggest difficulties they face. Thus, it is recommended that a one-stop service agency should be established to cover all processes and issues related to inter-Korean economic cooperation to eliminate redundancy and expediate government support for SMEs.

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개성공단 Q&A

  • Korea Environmental Engineers Federation
    • Environmental engineer
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    • v.24 s.256
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    • pp.11-11
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    • 2007

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게시판

  • Korea Electronics Association
    • Journal of Korean Electronics
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    • v.23 no.9
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    • pp.65-66
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    • 2003

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The Characteristics of Natural Landscape of Gaesung as Reflected in the Geographical Names (지명 속에 나타난 북한 개성시의 자연경관특성)

  • Lee Young-Hee
    • Journal of the Korean Geographical Society
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    • v.41 no.3 s.114
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    • pp.283-300
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    • 2006

  • Gaesung city of North Korea is meaningful because of the development of Gaesung industrial complex as a peace-building project and economical cooperation works between South Korea and North Korea. This article presents the characteristics of natural landscape of Gaesung through geographical names. This research was studied by literature analysis of North Korea, depth interview of North Korean labour and refugees, and second times fieldwork. The main results of this study are as follows. Firstly, the mountain landscape of Geasung revealed on geographical names characterized mountainousness and round shape. Especially, the places where are enclosed by mountain and streams are foggy and rocky. Next the landscape of stream characterizes sandy, unstable, and tidal river. Thirdly the fauna and flora which are reflected on geographical names are hawk, snake, tiger, homed owl, snapping turtle, chestnut tree, pine tree, pear tree, zelkova tree, and willow etcetera. The environmental conditions of habitation of these are similar to the natural environment of Gaesung. Besides, the geographical names related to soil distributed in northern mountain area of Geasung. The place names implicated cliff located on the riverside. In addition to this, the geographical name of 'Bul' implicated plain distributed in the riverside of 'Seoam' which a branch stream of 'Sacheo'. And the place names related rock located in place enclosed by mountain, river, and village. In cnclusion, Gaesung is more important to us as the Gaesung industrial complex and tourism development. But the fundamental research on Gaesung is a few because Gaesung belongs to North Korea. Therefore, this research will be useful for the control and management of Gaesung in the future.

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